Popular Vehicles and Services Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Popular Vehicles and Services saw Q4 FY26 revenue up 28% YoY to ₹1,758.8 Cr, with EBITDA up 93% to ₹57.5 Cr (3.3% margin) and a PAT loss of ₹5 Cr. For FY26, revenue grew 15% to ₹6,401.1 Cr, EBITDA 16% to ₹203.4 Cr (3.2% margin), and a PAT loss of ₹12.5 Cr. The year focused on strategic repositioning, divesting non-core assets, and expanding into new states via acquisitions. Non-Kerala revenue now stands at 47%, aiming for over 50%. Management targets sustainable profitability from Q2 FY27, projecting 5% EBITDA margins and FY24 PAT levels, driven by consolidation and higher-margin service growth.